Argentina Introduces New Inflation Index

Economists Had Accused Government of Lying About Data in Previous Index

Shane Romig

BUENOS AIRES—Argentina released a new measure of inflation on Thursday aimed at assuaging critics who accused the government of President Cristina Kirchner of lying about the data.

Under the new calculation, the January consumer-price index rose 3.7% on the month, according to the national statistics agency Indec, a reading that isn´t far from independent estimates. According to private forecasts compiled by opposition legislators, prices rose 4.61% in January and were up 30.78% on the year.